Rabobank To Launch Mobile Payment Solution in Netherlands

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Dutch financial institution Rabobank has partnered with Giesecke & Devrient (G&D) to launch a commercial mobile payment solution in the Netherlands.

The mobile payment solution will be available to Dutch customers in 2014. It will allow consumers to make payments using their smartphones, CIOL .

Mobile Payment / Flickr

Consumers will be able to pay using their smartphones via Near Field Communication (NFC) in all stores equipped with contactless point-of-sales terminals.